First WisdomTree Bitcoin ETN tradable on Xetra

Release date: 14 Apr 2021 | Deutsche Börse Cash Market

First WisdomTree Bitcoin ETN tradable on XetraEasy access to the performance of Bitcoin / product with physical collateral / central clearing reduces risks during settlement

The first WisdomTree crypto ETN has been tradable via Xetra and Börse Frankfurt since Wednesday.

With the WisdomTree Bitcoin, investors get easy and inexpensive access to the performance of the crypto currency Bitcoin without having to set up crypto wallets. The exchange traded note is physically secured by Bitcoin. The reference price is the Bitcoin settlement price on the Chicago Mercantile Exchange (CME). Due to the central clearing, investors also benefit from significantly reduced risks in the processing of transactions. The product is only available for institutional investors.

Name

Asset class

ISIN

Ongoing charges

Reference price

WisdomTree Bitcoin

ETN

GB00BJYDH287

0.95 per cent

CME CF Bitcoin

Deutsche Börse is the first trading platform worldwide to offer centrally cleared trading of In June last year, Deutsche Börse became the first exchange worldwide to launch trading in centrally cleared crypto products. Investors can now choose from ten ETNs from four providers on Bitcoin, Bitcoin Cash, Ethereum and Litecoin. As a result, investors no longer have to turn to unregulated trading venues for investments in cryptocurrencies. With an average monthly order book turnover of around one billion euros, Deutsche Börse’s Xetra market is the European market leader in crypto ETN trading.

The product offering in Deutsche Börse's ETF & ETP segment currently comprises a total of 1,659 ETFs and 205 ETCs and ETNs. With this selection and an average monthly trading volume of around €16.5 billion, Xetra is the leading trading venue for ETFs and ETPs in Europe.

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